Mixed-Use Land for Sale in Fredericksburg, Virginia

Redeveloping 436 Cambridge Street is a strategic prospect, as it sits within the Falmouth Redevelopment Area-one of four zones specifically targeted by Stafford County's Master Redevelopment Plan for revitalization and private investment. Site Overview & Current Status Property Details: The parcel (Tax Map #45-212) spans roughly 0.95 acres (41,426 sq. ft.) and currently houses a 5,561 sq. ft. motel structure built in 1959. Zoning Context: While currently functioning as a motel, the property is in an area where the county encourages adaptive reuse and mixed-use development to modernize the Cambridge Street (Route 1) corridor. Strategic Redevelopment Opportunities The county's Future Land Use Plan supports a transition toward higher-value, community-serving purposes: Targeted Development Area (TDA): This location is part of a plan to increase density, potentially allowing for neighborhood-serving commercial uses or lower-intensity mixed-use projects. Commercial Potential: Recent nearby approvals include mini-storage warehouses and mixed-use retail complexes, signaling a shift away from older hospitality models. Infrastructure Growth: The county is planning to widen Cambridge Street from 4 to 6 lanes, which may impact set-backs but will significantly increase traffic visibility and accessibility for new ventures. Available Incentives Because the site is in a designated redevelopment area, you may be eligible for: Stafford County Opportunity Fund: A discretionary fund available to secure business expansion or location projects. Technology Zone Benefits: If your new purpose involves tech, you could qualify for permit fee waivers, tax relief, and expedited review.